Understand the Problem
The question is not explicitly stated; however, it presents information regarding economic impacts related to tourism, likely seeking to clarify or explain these concepts.
Answer
Indirect: tourism businesses spend locally. Induced: workers spend locally. Business growth: new ventures from tourism income.
Indirect economic impact refers to tourism businesses spending money on local goods and services. Induced economic impact is when workers in tourism spend their earnings locally. Business growth and diversification occur as tourism income rises, encouraging new ventures.
Answer for screen readers
Indirect economic impact refers to tourism businesses spending money on local goods and services. Induced economic impact is when workers in tourism spend their earnings locally. Business growth and diversification occur as tourism income rises, encouraging new ventures.
More Information
The tourism industry creates economic effects not only by direct transactions but also by triggering further local spending, stimulating business growth.
